Our Buy Here Pay Here Loan Program

We offer a variety of flexible lending options, including car loans for customers who have poor credit.

Are you looking for a car but having some challenges with the pre-approval process? Merchants Auto can help. We specialize in helping customers with low credit scores get back on track with a quality used car, truck, or SUV. We know bad things can happen to good people, and we don’t judge you based on your loan application or credit score. Unlike other car loan companies, we offer a variety of flexible lending options and believe that if you want to buy here, we can help you pay here.

In-House Financing for Every Type of Credit History

Our on-site finance department provides competitive financing deals and options to find you the best financing possible. We can help you secure low monthly payments with little to no money down. We’ve served thousands of customers with all sorts of credit histories, and our finance department is well-trained and ready to help.

In addition to traditional vehicle financing, we also offer Buy Here Pay Here (BHPH) loans, which are designed for customers who are unable to qualify for a traditional car loan for one reason or another, such as bankruptcy, missed credit card payments, or a poor credit score.

We understand that life happens, and our staff is trained how to assess each person’s unique financial situation and make the loan process work for you. Our loan advisors are always looking to provide favorable financing options, and they’ve been in the business for years so they understand the many ways to help. We know how to sell great cars, but we also know how to get customers the financing they need.

How Does Buy Here Pay Here Work?

This program is intended for individuals who may have difficulty obtaining more traditional car financing. With this type of loan, you’ll receive financing directly from our dealership as opposed to a third-party loan vendor, which means you will pay Merchants Auto directly.

BHPH loans often require that you make payments in person rather than via direct deposit, and they usually carry higher interest rates than traditional loans. You may even need to make payments weekly or biweekly rather than on a monthly basis. This is because buyers with low credit scores are technically “higher risk,” although demonstrating a reliable income is what will qualify you for this type of financing.

Get Pre-Approved in Minutes

Do you think you’ll need a car loan in the near future? We recommend that you get pre-approved before you take that first test drive. Plus, no matter your current credit status, we can help you obtain financing for the vehicle you want.

To get started, fill out our fast, easy, and secure online application. In order for us to match you with the best available loan program, please provide as much information as possible.

Can You Increase Your Credit Score?

Yes, and it isn’t always difficult to do. If you have Chapter 9 bankruptcy in your past, you won’t have as many options for increasing your score. But if your credit has dropped because of a few missed payments or some other relatively superficial reason, good habits can sometimes lead to an increased score.

If it’s possible, start by keeping your credit card balance below 30% of your credit limit. This can have a fairly dramatic effect on your score, often within the first few months. Other than that, if you have the time, you can simply wait a few months before applying for a loan since your score will increase after a few consecutive months of clean financial activity.

What Can You Expect from Merchants Auto?

In addition to providing flexible lending options, our ultimate goal is to provide a positive, hassle-free, and enjoyable car buying experience. We treat every customer with respect, and we aim to take the stress and pressure out of buying a vehicle, which is why customers with all types of credit choose Merchants Auto. Plus, our sales professionals do not receive a commission. They’re just here to answer your questions and help you find the right vehicle for your budget.

The Largest Inventory in New England

We are positive you’ll find a vehicle that fits your needs and budget. Our 26-acre lot has hundreds of vehicles to choose from with more than 30 different makes — including hatchbacks, sedans, SUVs, pickups, sports cars, fuel-efficient models, compact cars, and work vans. Our large inventory offers a tremendous variety that includes less expensive models to suit budget-minded consumers. With enough quality choices, it’s always possible to find a good car for consumers with a variety of credit history.

Shop Vehicles Under $15KShop Vehicles Under $20K

We also don’t believe in surprises when it comes to pricing, which is why we’re up front about it. We offer the lowest pricing on pre-owned vehicles in New England with many factory warranties still in place. Plus, we carefully inspect every used car on our lot for wear, tear, and structural damage, and we’ll give you the vehicle’s history.

A Family-Owned Company You Can Trust

When it comes to used car loans in New Hampshire, our reputation is on the line. We’re proud to say that Merchants Auto is the largest pre-owned dealership in New Hampshire and the largest family-run pre-owned car dealership in New England. We’ve been voted the area’s number one car dealership since 2014 for 8 years in a row, and we’re proud to be a community-minded business that serves all customers regardless of credit history.

We look at each individual situation and, if we can, we’ll get you into a pre-owned vehicle because we know how important it is to have transportation for you and your family.

How to Shop for a Loan

Consider these important factors:

Shop Local

You can visit our showroom in Hooksett, NH, or browse our online shopping platform at your convenience. We value your business, and we strive to provide a hassle-free car buying experience. Plus, while our main focus may be on selling cars, our mission has always been to support and invest in our local community.

Shop Smart

Shopping for credit loans can be difficult, but we’re transparent. A lender should give you information up front, which is how we operate. We’ll let you know what you can afford, and if you don’t like the deal, we’ll work with you until it’s right.

Shop Fast

One of the reasons we offer Buy Here Pay Here is that many of our customers simply don’t have the time to wait for a new car. We understand that a vehicle is essential to daily living in New Hampshire, which is why Merchants Auto enables you to enter the dealership and buy the same day, even if you have poor credit.

Shop Easy & Find the Best Rate

We make the pre-approval process quick and easy with our online application. While you can visit us in person or call with any questions, you can also get started right away from your home or office. Enter your information — and we’ll take care of the rest. Plus, it’s easier to shop for a vehicle once you’ve been pre-approved for a loan.

No Pressure

We understand that customers with difficult credit histories may be hesitant or wary of commitment or the car buying process. Don’t worry — our sales professionals and financial advisors are here to help. At the end of the day, you can go through the entire loan process and then decide to take your business elsewhere. It’s your decision, and we respect that. Our only goal is to make it as easy as possible from start to finish.

Window Shopping

Some clients come to us when they’re window shopping, which is a great first step. We can help you weigh your options and get you ready for a purchase. If you know what you want, but aren’t ready to buy, you can get an idea of prices and loan rates. Why wait until you’re in a rush for a new car? Our financial advisors are ready to help, no matter where you are in the process.

Contact Us for More Information

If you’re looking for a reliable pre-owned vehicle but you’re worried about your credit history, please stop by our dealership in Hooksett, NH, or contact us at your convenience. We’re happy to review our financing options and answer any questions you may have.

The bottom line? We want to make it as easy (and enjoyable) as possible for you to get the car you need, and BHPH loans are just one part of that. If there’s anything we can do to help, please let us know.

Get Pre-Approved Now